“JPMorgan Chase chose to enable Madoff’s fraud, not just through the various ways it participated in its activity, but by helping to cover Madoff’s naked theft with the imprimatur of a globally recognized financial institution,” the 155-page amended complaint said.
Yet there are no criminal prosecutions against JPMorgan executives. Do we still have rule of law in this country or does that not apply to the banksters?
“JPMorgan Chase’s bankers literally watched the fraud unfold before their very eyes,” Deborah Renner, a lawyer representing Picard, said in a statement.
This is corruption, pure and simple. Everyone involved in this should be in prison. If we had a functioning criminal justice system, they would be.